The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-09-03

Oring as nllch money in TINS market as IN 9th
ers. This is matter which should be looked
into and remedied. On Aug. 81, the close of the
cotton year, the following spot quotations were
given by the Cotton Exchange for new crop
cotton:
Mlddhng falr. ........................9 7-16
Good middlng. ........... ...........9 3-lB
Middling ;:........................ 1916
Low mlddling. .............-.........S liz
Good ordinary ACKNOWLEDGEMENTS 3-16
THE OUTLOOK.
The prospects are for an early crop as well as
for large one. In Georgia some counties
port that the fruit is maturing rapidly, while in
Others the top crop will not be made. In some
some sections the weeds and insects have inter
fered with the plants, and the fruit, in couse-
quence, is light In Texas there were copious
rains lately, which previously was suffering
from drought. The estimated area planted is
between 10, 900 900 and 100000 acres, and if
the past seasons yield is any criterion to go
upon, the crop will be one of the largest ever
produced, barring any bad weather From re-
ports at present the conditions
are barely fair. The July rains
and freshets did considerable damage in Geor-
gia The new cotton now being received is a
full week earlier than last year, and is pretty
well up in texture and color. Prices, it is ex-
pected, will not go any lower, but on the con-
trary, higher prices are looked for, the season
commences with the smallest stocks at the
ports and interior towns ever known. There is
a heavy demand for cottons, the mills through
out the country being run on full time. At all
events, there seems to be a certainty that the
demand this month and October will be very
large for export. The fabric market is quite
firm
SEA ISLAND.
The sea island crop which was marketed dur
ing the past season quite remarkable in
several respects. 1t was quite large crop,
probably little greater than for several sea
sons Its condition was very clean
dealers to believe that better prices would rule,
but such proved not to be the case. The
season opened with a considerable amount
of the previous seasons crop carried over in
the interior towns, which began to come in
rapidly, and caused weakness in prices, but
the latter fact was not without its benefits, as
it enabled factors to work off an unusually
large crop quite rapidly-almost as fast
as 1t came in. The demand was largely
from Northern mills, but the cheapness
of the staple enabled Europe 20 come in and alb
sorb what might have proved burdensome
surplus owing to the size of the crop also the
bad condition of the Egyptian article, with
which Floridas have heretofore come largely
into competition, and the cheapness of the lat
ter staple made them move on level, the pref
erence being given to Floridas by the English
mills 1t is well known fact that one Liverpool
operator who was advancing heavily on Egyp
tian. met considerable difficulty in this way and
the refusal of Egyptian planters to change their
seed has not been without effect In CON
sequence Egyptian has almost ceased to
be competitor of Florida cotton. Owing to
depreciation the past saw several
English mills changing their machinery and
There were no violent fluctuations
in prices which for the most part,
were very steady, and values, although
low were quite well maintained 1S6l2lc being
about the average margin for medium fine
| to fine cottons The past seasons work was q
good one for factors as well as for the interior
merchants or middlemen, as the latter were
| enabled to buy the cotton and pay fori rapidly,
| values ruling steady they knew what they
| were getting for 1t without having to contend
against a fiuictuating, market. Factors
| were enabled to collect advances owing to the
| free marketing and absorption of the crop, con
| sequently few If any bad debts were incurred.
| The principal cause Of complaint by factors
was the frauds perpetrated by planters and in
! terror merchants in ginning uplands and sea
islands together. IL ought to be we'll understood
that, whether mistake or intentional. where
such cottons are gnned and packed in this man
ner that it will almost surely be detected right
away by experts. This practice has bean grow
ing worse every year. Planters did not fare so
well, owing TO the low prices, and great many
were dsheartened by the bad results of the
previous season, and abandoned the cultivation
of sea island, while others in Florida have
been experimenting in planting small patches In
tobacco in place of the same area in
cotton heretofore. In previous years
fertilizers very little used in the cultivation
of sea island cotton. but during the past year
German kainit was used, and the impression is
that it kept cotton from rusting. The season
closed with very small stock on hand, either
at the ports or interior towns.
SeDtenlber.-The market was rather slow in
opening up and the receipts came in slowly, and
as predicted buyers evinced a disposition to
begin business at lower prices, aud the opening
sales were at lSc for good and l9c. r medium
flne The receipts for the month were I43 bags
and the sales for the same time were Ga bags
October,-The receipts for this month were
4 nFa alYZ nn
opening of the month offerings, while not class
ing up well, were freely sold at slight advances
the better grades being held moro firmly, while
the commoDer qualities were easier and lower.
The inquiry was mostly for medium fine TO fine.
The month closed with some demand for the
better grades for foreign account.
Norenlber.-The receipts during the month
kept up heavily, reaching a total of eros bags.
The demand was quite FREQ, and the total sales
reached $500 bags The opening price for the
month was 176l716c for medium fine to fine,
the buying being for Northern mills. Toward
the middle of the month the inquiry became
more active, both for Northern mills and for
eign account, and medium fine was held firmly
at 11lH6n1Sc, but at the closing buyers held off
and were limited, while sellers were quite firm.
December-Opened with a good, steady de-
mand though with some scarcity of the more
desirable grades. The inquiry was about
equally divided between foreign and Northern
mills, which caused slight squirt in prices,
medium fine being held at 1Sd 1Slbc. The sales
quite large, being 3, 1879 bags for the month.
Still the offerings were freely taken. and but
little accommodating Of stocks occurred. The
total sales were 67i2 bags The month closing
with n slight reaction. and medium fine closed
ut iSc
January-The receipts during the month were
5,6ll bags, and the sales were 1890 bags. The
month opened at lsc. for medium fine
Holders were asking higher prices but were not
sustained except for the better qualities. The
poorer grades were weaker. owing TO "A good
rent hut